When you are waiting for the market to set up and give you the proper entry or exit signals you are showing discipline. When you exercise discipline you will make more money and lose less money. There is one constant truth about the markets and that is discipline will increase your profits. Let the trade come to you. The first time you wait until the trade sets up properly you enter by the rules and manage by the rules you will see how much fun trading can be. It does not have to be frustrating and emotional.
You get paid to wait (2 of 26)
by Kirk Norwood | Dec 9, 2008 | Disciplined Trader Series, Emotions, Exit Signals, Money Management | 0 comments